The acquisition of property in Indonesia by foreign nationals is now governed by Circular Letter IMI-0820.GR.01.01 of 2022, providing comprehensive regulations for those interested in investing in Indonesian real estate.
Also read: Can Foreigners Buy Property in Indonesia? (2024 Update)
Below is a detailed overview:
Visa and Second Home Stay Permit Application Procedure
Foreigners seeking property ownership in Indonesia must apply for a Second Home Visa and Stay Permit, addressed to the designated Immigration Officer appointed by the Directorate General of Immigration. Requirements include a valid passport, recent photo with a red background, and proof of funds or property valued at Rp. 2,000,000,000.00, or a certificate of property ownership in Indonesia.
To ensure the Indonesia visa and permits application process goes smoothly, you can rely on our team of experts. We can assist you with the following processes:
Visa and Stay Permit Issuance Process
The issuance process is conducted electronically, involving account registration, data submission, document upload, and PNBP payment, with predetermined validity periods for the Second Home Visa and Stay Permit.
Proof of Fund Reporting
Holdings of Second Home Stay Permits must report original Proof of Fund documents, such as bank statements or property ownership certificates, within 90 days of permit issuance, excluding dependents.
Supervision and Guarantees
Immigration oversight of Second Home Stay Permit holders adheres to relevant regulations. Applications can be made with or without a guarantor, with special approval required if the guarantor is a property development corporation.
Also read: Can Foreigners Buy Property in Bali? (2024 Complete Guide)
Other Considerations
PNBP payments can be processed outside Indonesia via the PNBP payment portal, or by the guarantor in Indonesia if necessary. Extensions of Second Home Stay Permits follow established regulations.
Also read: Buy Your Property in Bali with PT PMA
This guide aims to facilitate a smoother, more orderly process for foreign property acquisition in Indonesia, promoting legal certainty and fostering increased investment and economic growth within the country.
For a smoother property acquisition process, foreigners can proceed with PMA registration. Establishing a PT PMA in Bali entails numerous requirements and processes. To simplify the PMA registration and accelerate the property acquisition process in Bali, you can rely on InvestinAsia’s service. We offer PMA Incorporation for Foreign Property Acquisition.
If you have further questions, don’t hesitate to contact us for FREE consultation!
